Analyzing weekly TF, $BTC has created an accurate parallel channel.
Previous week a bullish hammer candlestick formed and is now following by a strong green candle that is gonna be closed in 2 days.
Interesting point is that after highest closed on 14th April 2021, it took 7 months for a higher high that got closed on 11th Nov 2021 at $69k. and it is the exact duration from $BTC crash on June 2021 to $33k crash on 24th Jan 2022.
If we assume it's not a coincidence, and "7" is a heavenly number for #Bitcoin, we can expect a higher high on END OF MAY till FIRST WEEK OF JUNE in 2022 at $73000.
It's just a theory and should not be considered as financial advice.
See you at next higher high ;)
Previous week a bullish hammer candlestick formed and is now following by a strong green candle that is gonna be closed in 2 days.
Interesting point is that after highest closed on 14th April 2021, it took 7 months for a higher high that got closed on 11th Nov 2021 at $69k. and it is the exact duration from $BTC crash on June 2021 to $33k crash on 24th Jan 2022.
If we assume it's not a coincidence, and "7" is a heavenly number for #Bitcoin, we can expect a higher high on END OF MAY till FIRST WEEK OF JUNE in 2022 at $73000.
It's just a theory and should not be considered as financial advice.
See you at next higher high ;)
